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Price is reflecting the beginning of a run:
3/16 PPS - .0092
3/29 .044
4/16 .137
"Differentiated pipeline with multiple first-in-class therapeutic candidates that have $1bn+ peak sales
potential in areas of strong unmet medical need for hematological and solid tumors"
"a merger is expected to take place within the coming weeks"
From April 12/ 8-k
On April 12, 2021, Adeel Ahmed-Daudpota, age 34, has been appointed as the President and Interim Chief Executive Officer of the Immune Pharmaceuticals to fill the vacancy that resulted from the company entering into chapter 7.
Mr. Ahmed-Daudpota is an investment banker, predominantly specializing in M&A, restructurings, and Special Situations. In connection with his appointment to the board of Immune Pharmaceuticals as Interim CEO, Mr Daudpota’s role Will entail providing the company’s shareholders options to continue trading and for identifying and merging with another viable pharmaceutical business.
The appointment as such carries no compensation and does not cover any expenses. This is subject to change post-merger.
The proposed merger is intended to protect existing shareholder interest and provide a private pharmaceutical company a public company and large shareholder base to raise additional capital.
- 2 -
Item 8.01. Other Events
Mr Daudpota effective immediately upon appointment shall be responsible for updating the company’s filings to bring the company up to date with its regulatory requirements, In addition Mr. Daudpota is responsible for providing a viable merger candidate and overseeing the merger with a new entity.
Mr Daudpota hereby notifies the market that a merger is expected to take place within the coming weeks that will ensure the common stock holders will be protected from discontinuation of trading or loss of public equity.
Mr Daudpota has secured the full support of United General LTD a UK investment firm and liquidity provider, Where he also he holds a board position.
The proposed merger plan will separate the Immune Pharmaceuticals LLC (In chapter 7) into the surviving entity that will not be subject to chapter 7 bankruptcy.
Holders of common stock under this structure will retain a shareholding in the surviving public company and will be afforded as such shareholder rights in the new operating pharmaceutical company post-merger.
Upon completion of the merger, we will appoint a new board and apply to have the bankruptcy status lifted from Finra
Also the commitment to Piedmont/Tesla should weigh heavy in favor of the winning the bid
Getting close!!!
From 3/18/21:
Immune Pharmaceuticals Inc Announces Immune Pharmaceuticals Proposal to Exit Bankruptcy
"According to United General an initial interest has been presented for acquiring Immune Pharmaceuticals, Inc.
According to the preliminary conversations between legal representatives, both sides have agreed to explore all legal avenues to achieve exiting bankruptcy.
Further details surrounding a potential reorganization plan may be announced once a legal pathway can be agreed"
https://www.otcmarkets.com/stock/IMNPQ/news/story?e&id=1842698
4/20/21
Maybe more than one bid winner:
"Sayona on Wednesday said that the extension of the bidding process would allow time for the monitor to review and assess the resubmitted bids, for discussions between the monitor, secured creditors and bidders, and for the acceptance of one or more bids
“A clear finishing line is now in site for the NAL bidding process. We welcome the opportunity to resubmit our bid, which offers the best potential for a successful turnaround at NAL that will create new jobs and investment and help facilitate Quebec’s vision for a complete lithium-ion battery chain, from mining to manufacturing,” said Sayona MD Brett Lynch."
From Mining Weekly / 11/4/20
https://www.miningweekly.com/article/nal-process-relaunched---sayona-2020-11-04/rep_id:3650
Sayona + Piedmont + Tesla = winning bid
"Among the proposals still under consideration, would be those of the Australian Sayona Mining, the American Evolution Metal and the Chinese CATL and Jilin Jien Nickel Industry."
Lithium: rejection of the Quebec proposal of SRG Mining
14
MARTIN JOLICOEUR
Thursday, April 15, 2021 12:00 AM
UPDATE Thursday, April 15, 2021 12:00 AM
One of the most serious contenders for the takeover of the assets of North American Lithium (NAL), this La Corne mine in Abitibi currently under creditors' protection, has just bitten the dust.
• To read also: A Quebecer wants to take over the North American Lithium
• To read also: A Quebec lithium mine is coveted from all sides
The Quebecois SRG Mining, of Mount-Royal, received, yesterday, the confirmation by email that its proposal to relaunch the activities of extraction and transformation of this troubled mine had been rejected. The letter to SRG, dated April 13, is signed by Benoit Fontaine, Raymond Chabot Grant Thornton (RCGT), who is acting as controller in this file.
" I can not believe it. I am flabbergasted. My knees were sawn, told the Journal its executive president, Benoit LaSalle, a few hours after being informed of the news. No matter how much I think, try to see clearly, nothing helps. I do not understand. "
Over $ 100 million in losses for IQ
The latter, founder of the Semafo aurifer, made headlines in February, claiming to offer with SRG the best hope of reviving this mine by Quebec interests. His proposal was financially supported by the National Bank, Sprott Private Resource and Cormark.
COURTESY PHOTO
Benoit La Salle
Executive Chairman of the Board of Directors of Quebec mining SRG
Chinese-owned, NAL ended the operation of the mine and the construction of its lithium carbonate plant in 2019, leaving Investissement Québec with a shortfall of more than $ 100 million. This is more than half of the claims faced by its shareholders.
Convinced of having the expertise necessary to relaunch this mine, Benoit LaSalle tried in vain yesterday to obtain explanations from the Minister of the Economy, Pierre Fitzgibbon. To our questions, his cabinet indicated that it would not make “any comment”.
Double speech ?
"We will do everything to understand and try to change this decision," said Mr. LaSalle. We operate mines all over Africa; I don't see why we wouldn't be able to do the same here. "
He fears that after having bought Nemaska ??Lithium while claiming to want to keep control of our resources, Quebec will decide to sell this mine to foreign capital. Among the proposals still under consideration, would be those of the Australian Sayona Mining, the American Evolution Metal and the Chinese CATL and Jilin Jien Nickel Industry.
Outstanding!
Very exciting that we are about to get another Moody reveal! Can't wait!
" moody / mr DeNunzio owns a controlling block of 405 million shares of ials.." Makes it even better.
I'm in three and hesitated with CHSO when it was only .15.
Web page looks great. Will sale auto parts also through Amazon and Ebay.
On web page - auto parts coming soon:
https://jtecautoworld.com/used-auto-parts.html
Well said.
You're not selling a share, you are selling your rights to purchase a discounted share for every six you have. Someone in Australia will be buying the rights to buy a discounted share at .024 for us. After they purchase the right at .003 they still have to buy the share at .024, so essentially they are paying .027 per share.
Schwab says they are worth .003
Fidelity says they are worth .005
The rights are worth .003 - 005. So that times 177,000 = roughly 700.00
They expire on 4/20/21 and you get nothing if they expire.
You can sell the rights. Your broker has to manually take the order to sell the rights on the Australian market. If you have a million regular shares, you get about 1,000.00 profit from selling the rights. If you have 100,000 shares or less, the fee to sell is more than the sell.
The added ticker is for the rights. You can sell the rights with your broker.
You can sell your rights before they expire. There is a 100.00 transaction fee, so for some, the fee will be more than the sell.
Yes, because the rights will expire. I sold with Schwab and now I'm on the phone with Fidelity. I'm not selling my shares - I've been adding for months. I'm selling only the rights before they expire. Your broker will put in an order that will show up on the Australian market tonight.
You can call your broker and sell your rights. There is a 100.00 transaction fee, so for some, the fee will be more than the sell.
I was just made aware that you actually can sell your rights by calling your broker. My Fidelity account says the value per right is .006 but Schwab put in a sell order at .003. There is a $100 foreign transaction fee you will be charged.
Nothing. Sayona had an offering that we do not qualify to participate in.
No. Just for investors in Australia and New Zealand or Iceland.
On 25 March 2021, Sayona Mining Limited (Company) announced a renounceable pro
rata offer of approximately 638.4 million fully paid ordinary shares (New Shares) at an
issue price of $0.032 per New Share.
The Rights Issue is offered to eligible shareholders on the basis of 1 New Share for
every 6 Shares held as at 7.00pm (EST) on 30 March 2021 (Record Date), and will
raise up to approximately $20.4 million (before costs).
The Rights Issue is fully underwritten by Canaccord Genuity (Australia) Limited.
The prospectus for the Rights Issue is available on the ASX website
http://www.asx.com.au and, together with a personalised entitlement acceptance form,
will be sent to eligible shareholders shortly after the record date.
The purpose of this letter is to give you notice that if you wish to participate in the Rights
Issue with respect to your options, you must exercise your options before the Record
Date.
To ensure that your new shares are allotted before the Record Date, your option exercise
notice together with the correct monies must be received by the Company’s share
registry, Computershare Investor Services Pty Limited no later than 30 March 2021.
Any notice of exercise of option received after this date cannot be assured of allotment
before the Record Date.
If you do not wish to participate in the Rights Issue (in respect of your options) you do
not need to take any action.
Before deciding whether to exercise all or any of your option, you should consider the
terms of the Rights Issue carefully and if in any doubt, consult with your professional
advisor. Anybody wishing to acquire securities will need to complete the personalised
application form which will accompany the prospectus.
https://sayonamining.com.au/wp/wp-content/uploads/2021/03/SYA_Rights_Issue_letter_to_Option_Holders_29-Mar-21.pdf
"The offer is priced at A$0.032 (3.2 cents) per share, a 10.5% discount to the 30-day VWAP and a 15.7%
discount to the Theoretical Ex Rights Price of 3.8 cents. The rights issue will close on 20 April 2021, with
the new shares expected to commence trading on 28 April."
https://sayonamining.com.au/wp/wp-content/uploads/2021/03/SYA_20.4M-rights-issue_25-Mar-21.pdf
At a discounted price also.
You can buy 1 share for every 6 shares you already have if you live in Australia and maybe New Zealand.
Looks like it.
At least .10, probably much more
Have you found any of the famous lost treasures washed ashore?
"Reinforcing its capabilities, the company recently appointed leading lithium-ion battery researcher Prof. Jeff
Dahn as its Chief Scientific Advisor. Prof. Dahn and the Dalhousie University research team in Nova Scotia
currently work alongside U.S. EV maker Tesla. In January 2021, Tesla extended its battery research contract
with Prof. Dahn’s team for a second five-year term, highlighting its prominence in battery research.
Concerning ICS Lithium, Sayona formed a collaboration last year with the Australian company, which has
developed a closed loop process for the refining of spodumene into battery-grade lithium hydroxide, as
preferred by leading automakers."
https://sayonamining.com.au/wp/wp-content/uploads/2021/03/SYA_ASX-Announ_20210331_Novonix-Testing.pdf
NOVONIX TO TEST AUTHIER PRODUCT’S POTENTIAL
FOR 99.97% LITHIUM HYDROXIDE BATTERY
Highlights • Leading battery researcher Novonix Limited to test Authier Lithium Project samples for potential to
deliver minimum 99.97% purity lithium hydroxide for batteries for EV makers • Australian clean tech hydroxide provider, ICS Lithium to support trials by providing product to
Novonix, based on sustainable and economical closed loop process • Testing at Novonix’s battery lab in Canada to commence in May 2021, with full testing to include the
development of a battery cell based on Authier lithium product • Trials to reinforce Sayona Québec’s potential to deliver environmentally friendly, cost-competitive
and high-quality lithium hydroxide product suitable for fast-growing North American battery market.
Emerging lithium miner Sayona Mining Limited (ASX:SYA; OTC:DMNXF) plans to conduct product trials
with leading battery researcher Novonix Limited, focused on delivering a clean and green 99.97% lithium
hydroxide battery suitable for North American EV makers.
Under an agreement with Novonix and Australian clean tech hydroxide technology provider ICS Lithium,
spodumene samples from Sayona Québec’s flagship Authier Lithium Project will initially be processed into
lithium hydroxide using the ICS closed loop refining system.
The samples will then be sent to Novonix’s independent battery testing facilities in Nova Scotia, Canada, to
evaluate their conformity with lithium-ion battery standards and enable performance comparisons in
commercial cells suitable for potential offtake partners. The aim of the tests is to highlight the Authier
Project’s ability to deliver a minimum 99.97% lithium hydroxide product suitable for leading battery
cathode makers in North America.
Sayona’s Managing Director, Brett Lynch, said the tests would demonstrate Sayona Québec’s ability to
deliver an environmentally friendly and competitive product to the fast-growing North American industry.
“We are rapidly developing a blueprint for moving towards downstream processing in Québec, benefitting
from its environmental and economic advantages including low-cost, renewable hydropower, an established
mining services industry and proximity to the North American battery market,” Mr Lynch said.
“These tests will underpin our ability to produce a clean and green, cost-effective and high-quality product
perfect for the world’s top EV makers.”
Novonix is developing ‘million mile’ battery technologies with revolutionary anode and cathode materials.
It has designed and manufactured high precision battery testing equipment for Tier 1 battery makers and
OEMs in 15 countries, including Bosch, Dyson, Honda, Panasonic, LG Chem and SK Innovation.
Reinforcing its capabilities, the company recently appointed leading lithium-ion battery researcher Prof. Jeff
Dahn as its Chief Scientific Advisor. Prof. Dahn and the Dalhousie University research team in Nova Scotia
currently work alongside U.S. EV maker Tesla. In January 2021, Tesla extended its battery research contract
with Prof. Dahn’s team for a second five-year term, highlighting its prominence in battery research.
Concerning ICS Lithium, Sayona formed a collaboration last year with the Australian company, which has
developed a closed loop process for the refining of spodumene into battery-grade lithium hydroxide, as
preferred by leading automakers.
Compared with sulfuric acid-based processes, scoping studies undertaken on the ICS process foreshadow
lower capital and operating costs, together with game-changing environmental benefits. The process also
allows sulfuric acid-based hydroxide plants to be refurbished into clean ICS hydroxide plants at low cost
(refer ASX release 28 October 2020).
Testing at Novonix’s research facilities is due to commence in May, with initial results expected by June.
Testing is planned to continue for up to three months and Sayona will update the market as results become
available.
This announcement is authorised by Sayona’s Board of Directors.
-ENDFor more information, please contact: For media
"The project’s key attractions include its near-term development potential, access to world-class infrastructure and labour, economical hydroelectric power and its strategic location near North American battery markets."
Sounds like a fire waiting to ignite
This happened twice several months ago.
Wow!